By Christine Van Dusen
Atlanta, Nov. 26 - Beijing Capital Land Ltd. priced RMB 2 billion of three-year notes (Ba3//BB+) at par to yield 7.6%, a market source said.
HSBC was the bookrunner for the Regulation S issue.
Proceeds will be earmarked for an escrow account and for working capital and general corporate purposes.
Beijing Capital Land is an integrated property owner.
| Issuer: | Beijing Capital Land Ltd.
|
| Amount: | RMB 2 billion
|
| Maturity: | Nov. 29, 2015
|
| Description: | Senior notes
|
| Bookrunner: | HSBC
|
| Coupon: | 7.6%
|
| Price: | Par
|
| Yield: | 7.6%
|
| Trade date: | Nov. 22
|
| Settlement date: | Nov. 29
|
| Ratings: | Moody's: Ba3
|
| Fitch: BB+
|
| Distribution: | Regulation S
|
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